Nikko Securities America Signs Deal with Fenergo
Firm picks Ireland-based service provider for client lifecycle management and regulatory compliance
Onboarding and client lifecycle management service provider Fenergo has announced a new deal with Nikko Securities America.
Fenergo will be providing Nikko with client lifecycle management with a prioritized regulatory focus on anti-money laundering (AML), know your customer (KYC) and the Foreign Account Tax Compliance Act.
Nikko Securities America provides financial products and services to global institutional clients in North America and Latin America. Fenergo's Client Lifecycle Management software solution will be implemented across various trading desks, including securities broker-dealer, capital markets, asset securitization and fixed income. With a tight implementation timeframe, Fenergo's out-of-the-box solution will be implemented in two phases, with a primary focus to deliver AML and KYC regulatory compliance within six months, followed by further automation and integration in the subsequent phase.
Liam Cuddy, vice president of sales for Fenergo Americas, says: "[Nikko America] will now become part of an active client community that works hand in hand with our product and regulatory experts to design, develop and deliver software solutions that ensure regulatory compliance, operational efficiencies and improved time to revenue through faster, compliant onboarding."
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